FSA punishes J.P. Morgan for stock market manipulation

Discussion in 'Wall St. News' started by harrytrader, Mar 15, 2006.

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    Thursday March 9, 10:38 PM
    2ND LD: FSA punishes J.P. Morgan for stock market manipulation
    (Kyodo) _ (EDS: CLARIFYING LEAD GRAF)
    The Financial Services Agency ordered the Japan unit of J.P. Morgan Securities Asia Pte. Ltd. on Thursday to suspend part of its operations for five to 15 business days for manipulating the value of a Tokyo Stock Exchange futures index with a massive sum of "cross trades" on Nov. 4, 2004.


    Who here said the market is not manipulated :D
     
  2. It's the only reason we have a market.

    John